If fleeing a country, what items would have good resale value? - eviltoast

What kind of things could a person carry to sell and how if they ever had to forcibly leave?

I read diamonds are worthless second hand.

Solid gold seems legit but not sure if coins or jeweler is best.

I saw something about getting gold chains to trade individual links in a emergency.

Are there any other good tips?

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Edit: Put in a Consolidation effort based on comments and side research

  1. Jewelery is good getting through customs as some countries have limits on what you can take over borders. Canada for example has 10k limit before you have to delcare and it is not clear if per person.

1.a) Always buy jewelry you plan to wear anyway because you will not get full value back.

1.b) Buy from reputable locations. Looks like Mene was a popular one.

  1. Gold coins are good but get normal ones like Eagles, Buffalo, or Maple as it’s easier to sell. Fancy ones are cool as collector item but will require more haggling.

2a) Bars are cheaper over spot but can be harder to sell overall

2b) Seems like libertycoin had consistent reviews.

  1. Cash is light but if your origin country currency dips then it’s worthless.

  2. Crypto requires you to have your wallet seed and importantly access to a pc and electricity.

  3. Make sure to have a backup skil/trade to live off of.

  4. Transferring money between banks can have legal issues.

  • humanspiral@lemmy.ca
    182·
    3 days ago

    Bitcoin is best. Can theoretically keep your wallet seed in your head instead of paper or on phone. Anything physical is subject to border guards or other transporation/exgress/ingress assisters.

    • Kyrgizion@lemmy.world
      2·
      2 days ago

      Consider the worst comes to worst, you won’t have electricity, let alone internet connectivity. Good luck selling any crypto in those circumstances.

      Nope, ye olde Gold & Silver are the way to go. Silver for fractional trades, gold for larger ones. Can’t beat a couple thousand years of history.

      • humanspiral@lemmy.ca
        4·
        2 days ago

        close to that at low, but ended up down less than 10%. If you are short term, you had opportunity to make 10% in a day. Long term, it is best performing assets, and should still outperform stock indexes in future. Don’t depend on it for your rent money for the month or year, but longer term you can probably turn it into a significant portion of a house or EV.

      • humanspiral@lemmy.ca
        3·
        2 days ago

        If you just want to escape your country, instead of buying illegal stuff in new country, a privacy coin isn’t a necessity.

      • prole@lemmy.blahaj.zone
        2·
        2 days ago

        Nah you need to create a cipher in your head, then you tattoo the encrypted seed. Easier to remember than the seed itself, and only readable by you.

        Maybe have a second tattoo to remind you what the cipher is lol. Then another for that one…

        • Spacehooks@reddthat.comOPEnglish
          1·
          2 days ago

          I’ve considered some other options:

          1. become an artist and upload “the art” that has a code based ok the number of lines similar to Japanese multiplication with a cipher something like Moriarty uses for text messages but based on the creation date. Common folk will be not be the wiser. Of course that assumes art is not taken down somehow.

          2. cut my arm/hip open and put a micro SD card or projector in there like in the Bourne identity. Probably could just sew it in clothes but no fun in that. BTW cutting arm open for implant takes months to repair so don’t recommend. They say 1 month but bs. Took 3.

          3. code is in my paracord based on knots similar to the Futurama nft episode.